Earnings release
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CIVMEC CIVMEC LIMITED ( Company Registration Number 201011837H ) Corporate and Business Update October 2021 PERTH , SINGAPORE 28th October 2021 Civmec Limited ( " Civmec " or the " Group " ) is pleased to provide an update on its recent developments and financial performance for the September 2021 quarter . Q1 FY2022 Financial Performance The Group continues to deliver strong financial results , with Q1 FY2022 ( quarter ending 30 September 2021 ) experiencing growth in both top and bottom lines compared to both Q1 and Q4 of FY2021 . Key financial metrics ( unaudited ) Q1 Q1 FY2022 A $ ' 000 FY2021 +7 ( - ) A $ ' 000 Q4 FY2021 +7 ( - ) % A $ ' 000 % Sales revenue 197,447 149,798 31.8 184,586 7.0 Gross profit 20,692 15,457 33.9 21,282 -2.8 EBITDA 21,358 14,627 46.0 20,049 6.5 EBITDA Margin 10.8 % 9.8 % 1.0pp * 10.9 % -0.1pp * NPAT 10,798 6,678 61.7 10,663 1.3 NPAT Margin 5.5 % 4.5 % 1.0pp * Earnings per share attributable to equity 2.16 1.33 5.8 % 2.13 -0.2pp * holders of the Company ( cents per share ) Order book at 30 September 1,145,000 946,000 1,105,000 * pp = percentage points The growth in revenues has continued quarter on quarter and gross margins remain strong . The contribution of gross margins coupled with disciplined control over administrative costs of the Group have enabled earnings per share to increase quarter on quarter . The Group has maintained its order book at over A $ 1 billion throughout this calendar year and is confident it will continue to generate solid returns for investors throughout FY2022 . New Awards in Maintenance and Capital Works As announced on 18th October 2021 , Civmec has recently secured A $ 130 million of new maintenance and capital works contracts on both the East and West coasts of Australia . With the recent awards , we have now established resident regional managers in both our facilities in Port Hedland ( Western Australia ) and Gladstone ( Queensland ) . We have also secured several other maintenance contracts from other new clients on both the East and West coasts . In the short to medium term , we see sustainment works , maintenance and capital works as strong avenues of growth .